26/05/2021
“With a fifth continuous month of gains, Dubai’s price recovery is well underway though not uniformly spread across communities. Villa and townhouse communities have particularly emerged as hot spots with a further acceleration in prices expected over the coming months. Newer communities have joined the established locations as the preferred options for buyers with many also opting for turnkey houses in the absence of finding homes where they can renovate as per their requirement. Further, the encouraging data on transactions is a strong and reliable sign of a buoyant market and contradicts concerns about oversupply and a shrinking population impacting real estate demand,” said Zhann Jochinke, chief operating officer, Property Monitor.
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